Your Money tells you on how NPS will have more fund managers and how will this impact investors.

published:21 Sep 2016

views:910

Your Money explains what does this mean to you. If pension fund managers would invest upto 5% in REITs and InvIt, what will happen to your retirement corpus?

published:25 May 2017

views:368

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving culture in Uganda. Any tax made there after would translate into incentives for saving schemes which ultimately would affect revenue collections in the long run.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

published:30 May 2017

views:345

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

published:30 Nov 2012

views:292815

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

published:13 Jun 2016

views:7657209

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

published:30 Apr 2014

views:1826

http://www.globalchange.com Fund management is vital to pensioners wealth and portfolio managers have a major responsibility to protect our future. This is a noble cause. Lecture by Dr Patrick Dixon

published:31 May 2007

views:5088

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions such as "where is my pension money?" and "what is it invested in?". Richard also highlights some investments to consider with your pension money, such as shares, bonds and exchange-traded funds.
Get the latest headlines: http://www.telegraph.co.uk/
Subscribe: http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook: http://www.facebook.com/telegraph.co.uk
Follow us on Twitter: https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

published:26 Sep 2016

views:824

The name "DEFINED BENEFIT Pension Fund" refers to the fact that the pension benefit during retirement is defined. This video explains the basic concept behind how these funds work

Asset management

Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible assets such as human capital, intellectual property, and goodwill and financial assets. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively.

The term is most commonly used in the financial world to describe people and companies that manage investments on behalf of others. These include, for example, investment managers that manage the assets of a pension fund.

Alternative views of asset management in the engineering environment are: the practice of managing assets to achieve the greatest return (particularly useful for productive assets such as plant and equipment), and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users (appropriate for public infrastructure assets).

Although the (Japanese) Government Pension Investment Fund (GPIF) lost 0.25 percent, in the year ended March 31, 2011 GPIF was still the world's largest public pension fund which oversees 114 trillion Yen ($1.5 trillion).

The term asset management is often used to refer to the investment management of collective investments, while the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management often within the context of so-called "private banking".

Oliver has said that he has full creative freedom, including free rein to criticize corporations. His initial contract with HBO was for two years with an option for extension. In February 2015, it was announced that the show has been renewed for two additional seasons of 35 episodes each. Oliver and HBO programming president Michael Lombardo have discussed extending the show from half an hour to a full hour and airing more than once a week after Oliver "gets his feet under him".

NPS to have more fund managers.

Your Money tells you on how NPS will have more fund managers and how will this impact investors.

22:16

Pension Fund Managers can Invest in REITs and InvIts

Pension Fund Managers can Invest in REITs and InvIts

Pension Fund Managers can Invest in REITs and InvIts

Your Money explains what does this mean to you. If pension fund managers would invest upto 5% in REITs and InvIt, what will happen to your retirement corpus?

1:52

Pension fund managers call for tax exemptions for pension schemes

Pension fund managers call for tax exemptions for pension schemes

Pension fund managers call for tax exemptions for pension schemes

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving culture in Uganda. Any tax made there after would translate into incentives for saving schemes which ultimately would affect revenue collections in the long run.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

53:54

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

21:30

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

1:02:44

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

http://www.globalchange.com Fund management is vital to pensioners wealth and portfolio managers have a major responsibility to protect our future. This is a noble cause. Lecture by Dr Patrick Dixon

2:25

Tips for managing your pension before retirement

Tips for managing your pension before retirement

Tips for managing your pension before retirement

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions such as "where is my pension money?" and "what is it invested in?". Richard also highlights some investments to consider with your pension money, such as shares, bonds and exchange-traded funds.
Get the latest headlines: http://www.telegraph.co.uk/
Subscribe: http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook: http://www.facebook.com/telegraph.co.uk
Follow us on Twitter: https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

1:29

Defined Benefit Pension Fund

Defined Benefit Pension Fund

Defined Benefit Pension Fund

The name "DEFINED BENEFIT Pension Fund" refers to the fact that the pension benefit during retirement is defined. This video explains the basic concept behind how these funds work

0:50

How Do Pension Funds Work?

How Do Pension Funds Work?

How Do Pension Funds Work?

Investopedia investopedia how do pension funds work. How pension funds work what does it mean when a plan is underfunded? . Sep 2016 the most common pension plan is a defined benefit. 14 may 2015 this easy to follow guide. Pension & savings plans the complete pension plan guide rediff. How do pensions work? Your guide to retirement saving. This is
how do pension funds work? . Other finance on the gateway2 main types of pension plan. Funds refer to collective investments. How pension funds work budgeting money. The pool of funds is invested on the employee's behalf, and earnings investments generate income to worker upon retirement 20 apr 2015 how pensions work your essential guide saving for a richer plan ahead pension pays off sooner you do it. How do employee pension plans work? Pension ultimate guide to retirement cnn money. What is a pension plan and should i have one? The balancepension funds. This is how pension plans work a simple explanation financial webhow in india works? Goodmoneying. If your employer does not offer a company pension, you may inquire about any personal pension funds have access to through them. Googleusercontent search. Asp url? Q webcache. Learn how a pension plans works and it affects your retirement planning fundspension fees charges fund is long term investment that you should ideally keep for 20 to 30 years or longer katie morley of the financial times's pensions week explains they work why they're so important in finance what do funds invest in? 19 jun 2017 there are 2 main types plan defined contribution (dc) who would not otherwise have access workplace 22 mar 2006 hdfc standard life (unit linked plan) case deferred annuity, annuity does commence immediately; It 'deferred' up on other hand opposite scenario if 15 jan claim (also called benefit withdrawal) paid out administrator separate record. How do funds work? Funds are ideal for more about new pension rules 15 dec 2016 your company may offer you a plan instead of 401(k). A combination of employee and employer contributions fund benefits, with employers paying the largest share a pension plan is retirement that requires an to make into pool funds set aside for worker's future benefit. For example a pension is fund into which sum of money added during an employee's employment years, and from payments are drawn to support the person's retirement work in form periodic. How yours will work depends on whether it's a defined benefit or contribution scheme and the what tax relief do i get my pension contributions? . Pensions should not be confused with severance pay; The former is usually paid in regular installments for life 12 oct 2013 this article will give you the idea on how pension plan india works and if at all want to go ahead any such product would know funds are an important part of many retirement plans. How to claim your pension fund benefit 10x investments. Employees receive a payment equal to percentage of the average salary that they received over

3:21

Choosing A Fund For Pension Drawdown

Choosing A Fund For Pension Drawdown

Choosing A Fund For Pension Drawdown

drawdownpensions.com
00:00:00 - How To Choose A Better Fund For Pension Drawdown
00:00:07 - Which Fund Managers Add The Most Value For Investors?
00:00:12 - Advisers Recommend Funds
00:00:19 - Do Advisers Provide Value For Money?
00:00:22 - Which Is The Best Fund?
00:00:28 - Performance chart
00:00:30 - First Bar
00:00:37 - Second Bar
00:00:44 - Last Bar
00:00:49 - Max Bar
00:00:53 - Min Bar
00:01:01 - Largest Pension Provider
00:01:15 - Large Provider A Value Added
00:01:27 - Large Provider B Value Added
00:01:30 - Large Provider C Value Added
00:01:35 - Large Provider D Value Added
00:01:39 - Large Provider D Value Added With Sector
00:01:54 - How To Choose A Pension Drawdown Fund
00:02:02 - Regular Saving - When A Fund Falls In Value, The Same Payment Buys More Units
00:02:23 - Pound Cost Averaging - Saving Advantage Buys More Units, Pension Drawdown Disadvantage As Withdrawals Sell More Units
00:02:59 - Pension Drawdown Adviser
In this video I'm going to show you how Fund Analysis can help you to choose a better fund for pension drawdown.
It can also identify which fund managers have added the greatest value, for their investors, and when to use them.
Most advisers recommend which funds to use and charge for this as part of their services
but how good are they at this?
And, do they provide value for money?
To understand when best to use a fund, it's not enough to be told its past performance you need to see the fund's journey.
We read this chart from left to right.
The first bar represents one year's performance from the end of June 2004 to the end of June 2005.
The next bar is also one year's performance but for a period commencing one month later; and we repeat this process until we have
10 years of investment history finishing at the end of June 2014.
The maximum growth over one year was 33%;
and the greatest loss was 29%.
When markets rise or fall, funds in that market will generally also rise or fall.
This is one of the largest pension fund providers. To understand and rate this fund, we need to see what influence the fund's manager has had on the fund's price. So, we remove the proportion of the investment return that can be attributed to the market's general movement.
and the difference represents the fund manager's value. Periods where the fund's manager added value are in blue and lost in red.
Provider A generally added value
Provider B Consistently lost value
Provider C generally lost value and their performance is getting worse
Provider D can be better understood when we show the average fund in the background.
The peaks and troughs coincide, which means that when the sector had good growth, the fund out-performed the average. Then when the sector made a loss we can see the fund under-performed the average. It therefore has a geared relationship with the sector.
So how might this help you choose a fund for your drawdown pension?
This depends on where you are in the pension planning cycle. If you are accumulating a fund and regular investments are to be made over an extended time period, the volatility of an investment can be used to the investor's advantage.
When a fund falls in value the same payment into a fund buys more units. The average price paid for each unit would therefore be reduced, as more units are bought when the price is lower. This is called pound cost averaging.
Beware though, while in pension drawdown where regular withdrawals are made from a fund, pound cost averaging works against you. If a withdrawal is made from a fund at a time when the market is low, then more units need to be en-cashed to fund this payment.
Therefore, the investor will have fewer units remaining in the fund, which might have benefited from any subsequent market recovery.
The selling of units from a fund to provide a regular income can therefore be said to increase risk, as it increases the effect of poor timing. Fund volatility can be detrimental to an investor.
More than ever before with
pension drawdown, care should be taken to choose an adviser that can demonstrate their expertise in fund and risk management.
Fill in the form on our website, to get a free report on a fund or funds of your choosing, or to speak with one of our associated advisers.

NPS to have more fund managers.

Your Money tells you on how NPS will have more fund managers and how will this impact investors.

published: 21 Sep 2016

Pension Fund Managers can Invest in REITs and InvIts

Your Money explains what does this mean to you. If pension fund managers would invest upto 5% in REITs and InvIt, what will happen to your retirement corpus?

published: 25 May 2017

Pension fund managers call for tax exemptions for pension schemes

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving culture in Uganda. Any tax made there after would translate into incentives for saving schemes which ultimately would affect revenue collections in the long run.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

published: 30 May 2017

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can affo...

published: 30 Nov 2012

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

published: 13 Jun 2016

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension fund...

http://www.globalchange.com Fund management is vital to pensioners wealth and portfolio managers have a major responsibility to protect our future. This is a noble cause. Lecture by Dr Patrick Dixon

published: 31 May 2007

Tips for managing your pension before retirement

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions such as "where is my pension money?" and "what is it invested in?". Richard also highlights some investments to consider with your pension money, such as shares, bonds and exchange-traded funds.
Get the latest headlines: http://www.telegraph.co.uk/
Subscribe: http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook: http://www.facebook.com/telegraph.co.uk
Follow us on Twitter: https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper pro...

published: 26 Sep 2016

Defined Benefit Pension Fund

The name "DEFINED BENEFIT Pension Fund" refers to the fact that the pension benefit during retirement is defined. This video explains the basic concept behind how these funds work

published: 03 Jun 2013

How Do Pension Funds Work?

Investopedia investopedia how do pension funds work. How pension funds work what does it mean when a plan is underfunded? . Sep 2016 the most common pension plan is a defined benefit. 14 may 2015 this easy to follow guide. Pension & savings plans the complete pension plan guide rediff. How do pensions work? Your guide to retirement saving. This is
how do pension funds work? . Other finance on the gateway2 main types of pension plan. Funds refer to collective investments. How pension funds work budgeting money. The pool of funds is invested on the employee's behalf, and earnings investments generate income to worker upon retirement 20 apr 2015 how pensions work your essential guide saving for a richer plan ahead pension pays off sooner you do it. How do employee pension plans work? Pensio...

Pension fund managers call for tax exemptions for pension schemes

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving...

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving culture in Uganda. Any tax made there after would translate into incentives for saving schemes which ultimately would affect revenue collections in the long run.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving culture in Uganda. Any tax made there after would translate into incentives for saving schemes which ultimately would affect revenue collections in the long run.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

published:30 May 2017

views:345

back

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academic...

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

published:13 Jun 2016

views:7657209

back

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension ...

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

Tips for managing your pension before retirement

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions su...

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions such as "where is my pension money?" and "what is it invested in?". Richard also highlights some investments to consider with your pension money, such as shares, bonds and exchange-traded funds.
Get the latest headlines: http://www.telegraph.co.uk/
Subscribe: http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook: http://www.facebook.com/telegraph.co.uk
Follow us on Twitter: https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions such as "where is my pension money?" and "what is it invested in?". Richard also highlights some investments to consider with your pension money, such as shares, bonds and exchange-traded funds.
Get the latest headlines: http://www.telegraph.co.uk/
Subscribe: http://www.youtube.com/subscription_center?add_user=telegraphtv
Like us on Facebook: http://www.facebook.com/telegraph.co.uk
Follow us on Twitter: https://twitter.com/telegraph
Follow us on Google+ https://plus.google.com/102891355072777008500/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

How Do Pension Funds Work?

Investopedia investopedia how do pension funds work. How pension funds work what does it mean when a plan is underfunded? . Sep 2016 the most common pension pla...

Investopedia investopedia how do pension funds work. How pension funds work what does it mean when a plan is underfunded? . Sep 2016 the most common pension plan is a defined benefit. 14 may 2015 this easy to follow guide. Pension & savings plans the complete pension plan guide rediff. How do pensions work? Your guide to retirement saving. This is
how do pension funds work? . Other finance on the gateway2 main types of pension plan. Funds refer to collective investments. How pension funds work budgeting money. The pool of funds is invested on the employee's behalf, and earnings investments generate income to worker upon retirement 20 apr 2015 how pensions work your essential guide saving for a richer plan ahead pension pays off sooner you do it. How do employee pension plans work? Pension ultimate guide to retirement cnn money. What is a pension plan and should i have one? The balancepension funds. This is how pension plans work a simple explanation financial webhow in india works? Goodmoneying. If your employer does not offer a company pension, you may inquire about any personal pension funds have access to through them. Googleusercontent search. Asp url? Q webcache. Learn how a pension plans works and it affects your retirement planning fundspension fees charges fund is long term investment that you should ideally keep for 20 to 30 years or longer katie morley of the financial times's pensions week explains they work why they're so important in finance what do funds invest in? 19 jun 2017 there are 2 main types plan defined contribution (dc) who would not otherwise have access workplace 22 mar 2006 hdfc standard life (unit linked plan) case deferred annuity, annuity does commence immediately; It 'deferred' up on other hand opposite scenario if 15 jan claim (also called benefit withdrawal) paid out administrator separate record. How do funds work? Funds are ideal for more about new pension rules 15 dec 2016 your company may offer you a plan instead of 401(k). A combination of employee and employer contributions fund benefits, with employers paying the largest share a pension plan is retirement that requires an to make into pool funds set aside for worker's future benefit. For example a pension is fund into which sum of money added during an employee's employment years, and from payments are drawn to support the person's retirement work in form periodic. How yours will work depends on whether it's a defined benefit or contribution scheme and the what tax relief do i get my pension contributions? . Pensions should not be confused with severance pay; The former is usually paid in regular installments for life 12 oct 2013 this article will give you the idea on how pension plan india works and if at all want to go ahead any such product would know funds are an important part of many retirement plans. How to claim your pension fund benefit 10x investments. Employees receive a payment equal to percentage of the average salary that they received over

Investopedia investopedia how do pension funds work. How pension funds work what does it mean when a plan is underfunded? . Sep 2016 the most common pension plan is a defined benefit. 14 may 2015 this easy to follow guide. Pension & savings plans the complete pension plan guide rediff. How do pensions work? Your guide to retirement saving. This is
how do pension funds work? . Other finance on the gateway2 main types of pension plan. Funds refer to collective investments. How pension funds work budgeting money. The pool of funds is invested on the employee's behalf, and earnings investments generate income to worker upon retirement 20 apr 2015 how pensions work your essential guide saving for a richer plan ahead pension pays off sooner you do it. How do employee pension plans work? Pension ultimate guide to retirement cnn money. What is a pension plan and should i have one? The balancepension funds. This is how pension plans work a simple explanation financial webhow in india works? Goodmoneying. If your employer does not offer a company pension, you may inquire about any personal pension funds have access to through them. Googleusercontent search. Asp url? Q webcache. Learn how a pension plans works and it affects your retirement planning fundspension fees charges fund is long term investment that you should ideally keep for 20 to 30 years or longer katie morley of the financial times's pensions week explains they work why they're so important in finance what do funds invest in? 19 jun 2017 there are 2 main types plan defined contribution (dc) who would not otherwise have access workplace 22 mar 2006 hdfc standard life (unit linked plan) case deferred annuity, annuity does commence immediately; It 'deferred' up on other hand opposite scenario if 15 jan claim (also called benefit withdrawal) paid out administrator separate record. How do funds work? Funds are ideal for more about new pension rules 15 dec 2016 your company may offer you a plan instead of 401(k). A combination of employee and employer contributions fund benefits, with employers paying the largest share a pension plan is retirement that requires an to make into pool funds set aside for worker's future benefit. For example a pension is fund into which sum of money added during an employee's employment years, and from payments are drawn to support the person's retirement work in form periodic. How yours will work depends on whether it's a defined benefit or contribution scheme and the what tax relief do i get my pension contributions? . Pensions should not be confused with severance pay; The former is usually paid in regular installments for life 12 oct 2013 this article will give you the idea on how pension plan india works and if at all want to go ahead any such product would know funds are an important part of many retirement plans. How to claim your pension fund benefit 10x investments. Employees receive a payment equal to percentage of the average salary that they received over

Choosing A Fund For Pension Drawdown

drawdownpensions.com
00:00:00 - How To Choose A Better Fund For Pension Drawdown
00:00:07 - Which Fund Managers Add The Most Value For Investors?
00:00:12 - Adv...

drawdownpensions.com
00:00:00 - How To Choose A Better Fund For Pension Drawdown
00:00:07 - Which Fund Managers Add The Most Value For Investors?
00:00:12 - Advisers Recommend Funds
00:00:19 - Do Advisers Provide Value For Money?
00:00:22 - Which Is The Best Fund?
00:00:28 - Performance chart
00:00:30 - First Bar
00:00:37 - Second Bar
00:00:44 - Last Bar
00:00:49 - Max Bar
00:00:53 - Min Bar
00:01:01 - Largest Pension Provider
00:01:15 - Large Provider A Value Added
00:01:27 - Large Provider B Value Added
00:01:30 - Large Provider C Value Added
00:01:35 - Large Provider D Value Added
00:01:39 - Large Provider D Value Added With Sector
00:01:54 - How To Choose A Pension Drawdown Fund
00:02:02 - Regular Saving - When A Fund Falls In Value, The Same Payment Buys More Units
00:02:23 - Pound Cost Averaging - Saving Advantage Buys More Units, Pension Drawdown Disadvantage As Withdrawals Sell More Units
00:02:59 - Pension Drawdown Adviser
In this video I'm going to show you how Fund Analysis can help you to choose a better fund for pension drawdown.
It can also identify which fund managers have added the greatest value, for their investors, and when to use them.
Most advisers recommend which funds to use and charge for this as part of their services
but how good are they at this?
And, do they provide value for money?
To understand when best to use a fund, it's not enough to be told its past performance you need to see the fund's journey.
We read this chart from left to right.
The first bar represents one year's performance from the end of June 2004 to the end of June 2005.
The next bar is also one year's performance but for a period commencing one month later; and we repeat this process until we have
10 years of investment history finishing at the end of June 2014.
The maximum growth over one year was 33%;
and the greatest loss was 29%.
When markets rise or fall, funds in that market will generally also rise or fall.
This is one of the largest pension fund providers. To understand and rate this fund, we need to see what influence the fund's manager has had on the fund's price. So, we remove the proportion of the investment return that can be attributed to the market's general movement.
and the difference represents the fund manager's value. Periods where the fund's manager added value are in blue and lost in red.
Provider A generally added value
Provider B Consistently lost value
Provider C generally lost value and their performance is getting worse
Provider D can be better understood when we show the average fund in the background.
The peaks and troughs coincide, which means that when the sector had good growth, the fund out-performed the average. Then when the sector made a loss we can see the fund under-performed the average. It therefore has a geared relationship with the sector.
So how might this help you choose a fund for your drawdown pension?
This depends on where you are in the pension planning cycle. If you are accumulating a fund and regular investments are to be made over an extended time period, the volatility of an investment can be used to the investor's advantage.
When a fund falls in value the same payment into a fund buys more units. The average price paid for each unit would therefore be reduced, as more units are bought when the price is lower. This is called pound cost averaging.
Beware though, while in pension drawdown where regular withdrawals are made from a fund, pound cost averaging works against you. If a withdrawal is made from a fund at a time when the market is low, then more units need to be en-cashed to fund this payment.
Therefore, the investor will have fewer units remaining in the fund, which might have benefited from any subsequent market recovery.
The selling of units from a fund to provide a regular income can therefore be said to increase risk, as it increases the effect of poor timing. Fund volatility can be detrimental to an investor.
More than ever before with
pension drawdown, care should be taken to choose an adviser that can demonstrate their expertise in fund and risk management.
Fill in the form on our website, to get a free report on a fund or funds of your choosing, or to speak with one of our associated advisers.

drawdownpensions.com
00:00:00 - How To Choose A Better Fund For Pension Drawdown
00:00:07 - Which Fund Managers Add The Most Value For Investors?
00:00:12 - Advisers Recommend Funds
00:00:19 - Do Advisers Provide Value For Money?
00:00:22 - Which Is The Best Fund?
00:00:28 - Performance chart
00:00:30 - First Bar
00:00:37 - Second Bar
00:00:44 - Last Bar
00:00:49 - Max Bar
00:00:53 - Min Bar
00:01:01 - Largest Pension Provider
00:01:15 - Large Provider A Value Added
00:01:27 - Large Provider B Value Added
00:01:30 - Large Provider C Value Added
00:01:35 - Large Provider D Value Added
00:01:39 - Large Provider D Value Added With Sector
00:01:54 - How To Choose A Pension Drawdown Fund
00:02:02 - Regular Saving - When A Fund Falls In Value, The Same Payment Buys More Units
00:02:23 - Pound Cost Averaging - Saving Advantage Buys More Units, Pension Drawdown Disadvantage As Withdrawals Sell More Units
00:02:59 - Pension Drawdown Adviser
In this video I'm going to show you how Fund Analysis can help you to choose a better fund for pension drawdown.
It can also identify which fund managers have added the greatest value, for their investors, and when to use them.
Most advisers recommend which funds to use and charge for this as part of their services
but how good are they at this?
And, do they provide value for money?
To understand when best to use a fund, it's not enough to be told its past performance you need to see the fund's journey.
We read this chart from left to right.
The first bar represents one year's performance from the end of June 2004 to the end of June 2005.
The next bar is also one year's performance but for a period commencing one month later; and we repeat this process until we have
10 years of investment history finishing at the end of June 2014.
The maximum growth over one year was 33%;
and the greatest loss was 29%.
When markets rise or fall, funds in that market will generally also rise or fall.
This is one of the largest pension fund providers. To understand and rate this fund, we need to see what influence the fund's manager has had on the fund's price. So, we remove the proportion of the investment return that can be attributed to the market's general movement.
and the difference represents the fund manager's value. Periods where the fund's manager added value are in blue and lost in red.
Provider A generally added value
Provider B Consistently lost value
Provider C generally lost value and their performance is getting worse
Provider D can be better understood when we show the average fund in the background.
The peaks and troughs coincide, which means that when the sector had good growth, the fund out-performed the average. Then when the sector made a loss we can see the fund under-performed the average. It therefore has a geared relationship with the sector.
So how might this help you choose a fund for your drawdown pension?
This depends on where you are in the pension planning cycle. If you are accumulating a fund and regular investments are to be made over an extended time period, the volatility of an investment can be used to the investor's advantage.
When a fund falls in value the same payment into a fund buys more units. The average price paid for each unit would therefore be reduced, as more units are bought when the price is lower. This is called pound cost averaging.
Beware though, while in pension drawdown where regular withdrawals are made from a fund, pound cost averaging works against you. If a withdrawal is made from a fund at a time when the market is low, then more units need to be en-cashed to fund this payment.
Therefore, the investor will have fewer units remaining in the fund, which might have benefited from any subsequent market recovery.
The selling of units from a fund to provide a regular income can therefore be said to increase risk, as it increases the effect of poor timing. Fund volatility can be detrimental to an investor.
More than ever before with
pension drawdown, care should be taken to choose an adviser that can demonstrate their expertise in fund and risk management.
Fill in the form on our website, to get a free report on a fund or funds of your choosing, or to speak with one of our associated advisers.

Pension Fund Managers can Invest in REITs and InvIts

Your Money explains what does this mean to you. If pension fund managers would invest upto 5% in REITs and InvIt, what will happen to your retirement corpus?

published: 25 May 2017

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can affo...

published: 30 Nov 2012

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension fund...

published: 30 Apr 2014

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Damien Fahy of moneytothemasses.com to Andy Leeks about money. This week Damien focusses on pensions and investments.
Damien explains why fund managers don't always have your best interests at heart and answers a listener question; should you over-pay on your mortgage or invest?
MoneyFarm (http://bit.ly/2fuyFG9) (Don't forget to use the exclusive code MTTM20K to get an extra 10k fee free)
The Best Pension Calculator On The Web - Try it now http://calculators.moneytothemasses.com/pension
80-20 Investor - find out more about Damien's 80 20 Investor service http://moneytothemasses.com/become-an-80-20-investor
The RoyalLondon Pension Guide - view the pension guide that Damien recommended in this week's show https://www.royallondon.com/Global/documents/GoodWithYourMoney/TOPPING-UP-YOUR-S...

published: 07 Nov 2016

DNA Money: Analysis of National Pension Scheme (NPS)

DNAMoney: This segment offers analysis of National Pension Scheme (NPS). Zee Business' research found it not an appropriate solution for your retirement.
About Zee Business
--------------------------
Zee Business is one of the leading and fastest growing Hindi business news channels in India.Live coverage of Indian markets - Sensex & Nifty
--------------------------------------------------------------
You can also visit us at:
https://goo.gl/sXWpTF
Like us on Facebook:
https://goo.gl/OMJgrn
Follow us on Twitter:
https://goo.gl/OjOzpB
Subscribe to our other network channels:
Zee News: https://goo.gl/XBvkjZ

In Focus - Sovereign Wealth Funds

In this episode of In Focus, we tackle sovereign wealth funds with with Mr. Knut Kjaer, the founding CEO of Norges Bank Investment Management (NBIM), in-charge of managing Norway’s sovereign wealth fund and foreign exchange reserves. He discusses about the importance of sovereign wealth funds to countries in Africa and the world with rich natural resources who share a vision of saving and investing in future generations.
Mr. Kjaer is co-founding partner and Chairman of TrientAsset Management in Oslo. Prior to establishing Trient, Mr. Kjaer was President of RiskMetrics Group in New York, with direct responsibility for the firm’s global risk management and corporate governance advisory businesses. In 1998, Mr. Kjaer became founding Chief Executive Officer of NBIM, which was established b...

Pension Plan Evolution

In this thought-provoking 23-minute documentary co-produced by the Ontario Teachers' Pension Plan and Cormana Productions in 2013, DirectorAlicia Munnell comments on how pensions have changed and what it means for retirement security in the future.
Watch a trailer for the documentary here: http://www.otpp.com/web/guest/pension-plan-evolution#.US0IZYvixtA.twitter

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academic...

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

published:30 Nov 2012

views:292815

back

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension ...

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Damien Fahy of moneytothemasses.com to Andy Leeks about money. This week Damien focusses on pensions and investments.
Damien explains why fund managers don't always have your best interests at heart and answers a listener question; should you over-pay on your mortgage or invest?
MoneyFarm (http://bit.ly/2fuyFG9) (Don't forget to use the exclusive code MTTM20K to get an extra 10k fee free)
The Best Pension Calculator On The Web - Try it now http://calculators.moneytothemasses.com/pension
80-20 Investor - find out more about Damien's 80 20 Investor service http://moneytothemasses.com/become-an-80-20-investor
The RoyalLondon Pension Guide - view the pension guide that Damien recommended in this week's show https://www.royallondon.com/Global/documents/GoodWithYourMoney/TOPPING-UP-YOUR-STATE-PENSION-GUIDE.pdf

Damien Fahy of moneytothemasses.com to Andy Leeks about money. This week Damien focusses on pensions and investments.
Damien explains why fund managers don't always have your best interests at heart and answers a listener question; should you over-pay on your mortgage or invest?
MoneyFarm (http://bit.ly/2fuyFG9) (Don't forget to use the exclusive code MTTM20K to get an extra 10k fee free)
The Best Pension Calculator On The Web - Try it now http://calculators.moneytothemasses.com/pension
80-20 Investor - find out more about Damien's 80 20 Investor service http://moneytothemasses.com/become-an-80-20-investor
The RoyalLondon Pension Guide - view the pension guide that Damien recommended in this week's show https://www.royallondon.com/Global/documents/GoodWithYourMoney/TOPPING-UP-YOUR-STATE-PENSION-GUIDE.pdf

DNAMoney: This segment offers analysis of National Pension Scheme (NPS). Zee Business' research found it not an appropriate solution for your retirement.
About Zee Business
--------------------------
Zee Business is one of the leading and fastest growing Hindi business news channels in India.Live coverage of Indian markets - Sensex & Nifty
--------------------------------------------------------------
You can also visit us at:
https://goo.gl/sXWpTF
Like us on Facebook:
https://goo.gl/OMJgrn
Follow us on Twitter:
https://goo.gl/OjOzpB
Subscribe to our other network channels:
Zee News: https://goo.gl/XBvkjZ

DNAMoney: This segment offers analysis of National Pension Scheme (NPS). Zee Business' research found it not an appropriate solution for your retirement.
About Zee Business
--------------------------
Zee Business is one of the leading and fastest growing Hindi business news channels in India.Live coverage of Indian markets - Sensex & Nifty
--------------------------------------------------------------
You can also visit us at:
https://goo.gl/sXWpTF
Like us on Facebook:
https://goo.gl/OMJgrn
Follow us on Twitter:
https://goo.gl/OjOzpB
Subscribe to our other network channels:
Zee News: https://goo.gl/XBvkjZ

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
The 2013-2014 Opalesque Institutional InvestorSeries profiles leading institutional investors to analyze their best strategic and tactical allocation ideas, portfolio construction trends, and investor expectations from alternative managers. ModeratorMichael OliverWeinberg is an Adjunct Associate Professor of Finance and Economics at Columbia University, and CIO of family office, MOW & AYWLLC. The goal of the series is to contrast asset allocation and best ideas of thought leading pensions, E&F's, FOs and FOF CIO's, and to inform both the buy-side and sell-side and facilitate improvement in the allocation process.
In this Institutional Investor Series interview, Michael profiles Charles Van Vleet, CIO and AssistantTreasurer of Textron, Inc. Textron is a Providence, Rhode Island, based industrial manufacturing company with plants primarily in Texas and Kansas. With 33,000+ employees, the company produces many well-known brands, including Bell, Cessna and E-Z-GO.
Mr. Van Vleet discusses his perspectives and priorities as a private pension fund CIO, including over/under-weights vs. historic allocations and benchmarks, and why benchmarking against the HFRI is a mistake in a rising S+P environment. He gives insight into strategic asset allocation over the next 12 months, best tactical allocation ideas, and investor expectations where managers must improve to facilitate investment by allocators. He likes strategic allocation increases to private debt structured funds, and explains why corporate plan sponsors often prefer private equity alignment and structures, but also want to control extension risk. Due to this investor demand, he forecasts great merger between traditional private equity managers and traditional hedge fund managers.
In addition, learn about the following:
Perspectives from private pension fund CIO Charles Van Vleet of Textron Inc.
Using the HFRI as benchmark is a mistake in a rising S+P 500 environment
The search for hedge funds without structural beta characteristics
StackLIBOR +200 hedge funds on top of the S+P 500
Forecasting a great merger between traditional private equity managers and traditional hedge fund managers
Using smart leverage post-2008 to meet ROAHedge funds need to simplify and clarify their data for private plan sponsors
Why most corporate plan sponsors are underspending their liquidity budget
Strategic alignment of liability transfer with Board of Directors is critical
Some illiquid, alternative parts of portfolio are "the most valuable, easy to harvest source of return"
Post - 2008, there is a "complete reversal" of liquidity budgeting for many institutional investors
New recognition that volatility structure of private pensions are more stable than endowments and foundations
Private plan sponsors should increase their illiquidity budget & increase allocations to private equity structures that invest in private credit
Charles Van Vleet is Assistant Treasurer and Chief Investment Officer of Textron Inc. Providence RI, (TXT*) overseeing its $10 billion defined benefit and savings plan assets. Prior to Textron, Mr. Van Vleet was Director Pension Investments at United Technologies Corporation (UTC) in Hartford CT. Before UTC, Mr. Van Vleet spent several years in the investment management business in NY, London and Tokyo with Credit Suisse, Putnam and AllianceCapital. On behalf of Textron, Mr. Van Vleet has advisory board positions on several governance, risk management and asset/liability oversight committees. He holds bachelor's degrees in Economics and Political Science from UC Berkeley and an MBA, Finance from The University of CT.
*Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. With approximately 32,000 people employed by our corporate office, subsidiaries and operating divisions, and facilities and presence in 25 countries, Textron is strategically positioned to provide integrated product solutions and services to customers worldwide. More information is available at http://www.textron.com.

Subscribe to this channel: http://www.youtube.com/OpalesqueTV
The 2013-2014 Opalesque Institutional InvestorSeries profiles leading institutional investors to analyze their best strategic and tactical allocation ideas, portfolio construction trends, and investor expectations from alternative managers. ModeratorMichael OliverWeinberg is an Adjunct Associate Professor of Finance and Economics at Columbia University, and CIO of family office, MOW & AYWLLC. The goal of the series is to contrast asset allocation and best ideas of thought leading pensions, E&F's, FOs and FOF CIO's, and to inform both the buy-side and sell-side and facilitate improvement in the allocation process.
In this Institutional Investor Series interview, Michael profiles Charles Van Vleet, CIO and AssistantTreasurer of Textron, Inc. Textron is a Providence, Rhode Island, based industrial manufacturing company with plants primarily in Texas and Kansas. With 33,000+ employees, the company produces many well-known brands, including Bell, Cessna and E-Z-GO.
Mr. Van Vleet discusses his perspectives and priorities as a private pension fund CIO, including over/under-weights vs. historic allocations and benchmarks, and why benchmarking against the HFRI is a mistake in a rising S+P environment. He gives insight into strategic asset allocation over the next 12 months, best tactical allocation ideas, and investor expectations where managers must improve to facilitate investment by allocators. He likes strategic allocation increases to private debt structured funds, and explains why corporate plan sponsors often prefer private equity alignment and structures, but also want to control extension risk. Due to this investor demand, he forecasts great merger between traditional private equity managers and traditional hedge fund managers.
In addition, learn about the following:
Perspectives from private pension fund CIO Charles Van Vleet of Textron Inc.
Using the HFRI as benchmark is a mistake in a rising S+P 500 environment
The search for hedge funds without structural beta characteristics
StackLIBOR +200 hedge funds on top of the S+P 500
Forecasting a great merger between traditional private equity managers and traditional hedge fund managers
Using smart leverage post-2008 to meet ROAHedge funds need to simplify and clarify their data for private plan sponsors
Why most corporate plan sponsors are underspending their liquidity budget
Strategic alignment of liability transfer with Board of Directors is critical
Some illiquid, alternative parts of portfolio are "the most valuable, easy to harvest source of return"
Post - 2008, there is a "complete reversal" of liquidity budgeting for many institutional investors
New recognition that volatility structure of private pensions are more stable than endowments and foundations
Private plan sponsors should increase their illiquidity budget & increase allocations to private equity structures that invest in private credit
Charles Van Vleet is Assistant Treasurer and Chief Investment Officer of Textron Inc. Providence RI, (TXT*) overseeing its $10 billion defined benefit and savings plan assets. Prior to Textron, Mr. Van Vleet was Director Pension Investments at United Technologies Corporation (UTC) in Hartford CT. Before UTC, Mr. Van Vleet spent several years in the investment management business in NY, London and Tokyo with Credit Suisse, Putnam and AllianceCapital. On behalf of Textron, Mr. Van Vleet has advisory board positions on several governance, risk management and asset/liability oversight committees. He holds bachelor's degrees in Economics and Political Science from UC Berkeley and an MBA, Finance from The University of CT.
*Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. With approximately 32,000 people employed by our corporate office, subsidiaries and operating divisions, and facilities and presence in 25 countries, Textron is strategically positioned to provide integrated product solutions and services to customers worldwide. More information is available at http://www.textron.com.

In this thought-provoking 23-minute documentary co-produced by the Ontario Teachers' Pension Plan and Cormana Productions in 2013, DirectorAlicia Munnell comments on how pensions have changed and what it means for retirement security in the future.
Watch a trailer for the documentary here: http://www.otpp.com/web/guest/pension-plan-evolution#.US0IZYvixtA.twitter

In this thought-provoking 23-minute documentary co-produced by the Ontario Teachers' Pension Plan and Cormana Productions in 2013, DirectorAlicia Munnell comments on how pensions have changed and what it means for retirement security in the future.
Watch a trailer for the documentary here: http://www.otpp.com/web/guest/pension-plan-evolution#.US0IZYvixtA.twitter

Pension fund managers call for tax exemptions for pension schemes

Investment and Fund Managers want government to consist exempting pension schemes from taxation given the tough economic environment and the general poor saving culture in Uganda. Any tax made there after would translate into incentives for saving schemes which ultimately would affect revenue collections in the long run.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
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Like our Facebook page http://www.facebook.com/NTVUganda

53:54

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

21:30

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. ...

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

1:02:44

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by ...

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

Tips for managing your pension before retirement

In this video, TelegraphMoney’s RichardDyson offers some tips on how best to manage your pension investments ahead of retirement, covering common questions such as "where is my pension money?" and "what is it invested in?". Richard also highlights some investments to consider with your pension money, such as shares, bonds and exchange-traded funds.
Get the latest headlines: http://www.telegraph.co.uk/
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Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

1:29

Defined Benefit Pension Fund

The name "DEFINED BENEFIT Pension Fund" refers to the fact that the pension benefit during...

How Do Pension Funds Work?

Investopedia investopedia how do pension funds work. How pension funds work what does it mean when a plan is underfunded? . Sep 2016 the most common pension plan is a defined benefit. 14 may 2015 this easy to follow guide. Pension & savings plans the complete pension plan guide rediff. How do pensions work? Your guide to retirement saving. This is
how do pension funds work? . Other finance on the gateway2 main types of pension plan. Funds refer to collective investments. How pension funds work budgeting money. The pool of funds is invested on the employee's behalf, and earnings investments generate income to worker upon retirement 20 apr 2015 how pensions work your essential guide saving for a richer plan ahead pension pays off sooner you do it. How do employee pension plans work? Pension ultimate guide to retirement cnn money. What is a pension plan and should i have one? The balancepension funds. This is how pension plans work a simple explanation financial webhow in india works? Goodmoneying. If your employer does not offer a company pension, you may inquire about any personal pension funds have access to through them. Googleusercontent search. Asp url? Q webcache. Learn how a pension plans works and it affects your retirement planning fundspension fees charges fund is long term investment that you should ideally keep for 20 to 30 years or longer katie morley of the financial times's pensions week explains they work why they're so important in finance what do funds invest in? 19 jun 2017 there are 2 main types plan defined contribution (dc) who would not otherwise have access workplace 22 mar 2006 hdfc standard life (unit linked plan) case deferred annuity, annuity does commence immediately; It 'deferred' up on other hand opposite scenario if 15 jan claim (also called benefit withdrawal) paid out administrator separate record. How do funds work? Funds are ideal for more about new pension rules 15 dec 2016 your company may offer you a plan instead of 401(k). A combination of employee and employer contributions fund benefits, with employers paying the largest share a pension plan is retirement that requires an to make into pool funds set aside for worker's future benefit. For example a pension is fund into which sum of money added during an employee's employment years, and from payments are drawn to support the person's retirement work in form periodic. How yours will work depends on whether it's a defined benefit or contribution scheme and the what tax relief do i get my pension contributions? . Pensions should not be confused with severance pay; The former is usually paid in regular installments for life 12 oct 2013 this article will give you the idea on how pension plan india works and if at all want to go ahead any such product would know funds are an important part of many retirement plans. How to claim your pension fund benefit 10x investments. Employees receive a payment equal to percentage of the average salary that they received over

Choosing A Fund For Pension Drawdown

drawdownpensions.com
00:00:00 - How To Choose A Better Fund For Pension Drawdown
00:00:07 - Which Fund Managers Add The Most Value For Investors?
00:00:12 - Advisers Recommend Funds
00:00:19 - Do Advisers Provide Value For Money?
00:00:22 - Which Is The Best Fund?
00:00:28 - Performance chart
00:00:30 - First Bar
00:00:37 - Second Bar
00:00:44 - Last Bar
00:00:49 - Max Bar
00:00:53 - Min Bar
00:01:01 - Largest Pension Provider
00:01:15 - Large Provider A Value Added
00:01:27 - Large Provider B Value Added
00:01:30 - Large Provider C Value Added
00:01:35 - Large Provider D Value Added
00:01:39 - Large Provider D Value Added With Sector
00:01:54 - How To Choose A Pension Drawdown Fund
00:02:02 - Regular Saving - When A Fund Falls In Value, The Same Payment Buys More Units
00:02:23 - Pound Cost Averaging - Saving Advantage Buys More Units, Pension Drawdown Disadvantage As Withdrawals Sell More Units
00:02:59 - Pension Drawdown Adviser
In this video I'm going to show you how Fund Analysis can help you to choose a better fund for pension drawdown.
It can also identify which fund managers have added the greatest value, for their investors, and when to use them.
Most advisers recommend which funds to use and charge for this as part of their services
but how good are they at this?
And, do they provide value for money?
To understand when best to use a fund, it's not enough to be told its past performance you need to see the fund's journey.
We read this chart from left to right.
The first bar represents one year's performance from the end of June 2004 to the end of June 2005.
The next bar is also one year's performance but for a period commencing one month later; and we repeat this process until we have
10 years of investment history finishing at the end of June 2014.
The maximum growth over one year was 33%;
and the greatest loss was 29%.
When markets rise or fall, funds in that market will generally also rise or fall.
This is one of the largest pension fund providers. To understand and rate this fund, we need to see what influence the fund's manager has had on the fund's price. So, we remove the proportion of the investment return that can be attributed to the market's general movement.
and the difference represents the fund manager's value. Periods where the fund's manager added value are in blue and lost in red.
Provider A generally added value
Provider B Consistently lost value
Provider C generally lost value and their performance is getting worse
Provider D can be better understood when we show the average fund in the background.
The peaks and troughs coincide, which means that when the sector had good growth, the fund out-performed the average. Then when the sector made a loss we can see the fund under-performed the average. It therefore has a geared relationship with the sector.
So how might this help you choose a fund for your drawdown pension?
This depends on where you are in the pension planning cycle. If you are accumulating a fund and regular investments are to be made over an extended time period, the volatility of an investment can be used to the investor's advantage.
When a fund falls in value the same payment into a fund buys more units. The average price paid for each unit would therefore be reduced, as more units are bought when the price is lower. This is called pound cost averaging.
Beware though, while in pension drawdown where regular withdrawals are made from a fund, pound cost averaging works against you. If a withdrawal is made from a fund at a time when the market is low, then more units need to be en-cashed to fund this payment.
Therefore, the investor will have fewer units remaining in the fund, which might have benefited from any subsequent market recovery.
The selling of units from a fund to provide a regular income can therefore be said to increase risk, as it increases the effect of poor timing. Fund volatility can be detrimental to an investor.
More than ever before with
pension drawdown, care should be taken to choose an adviser that can demonstrate their expertise in fund and risk management.
Fill in the form on our website, to get a free report on a fund or funds of your choosing, or to speak with one of our associated advisers.

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

http://sensibleinvesting.tv -- the independent voice of passive investing
A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating:
* how the claims of active fund managers to be able to beat the market are largely a myth
* how costs are the biggest drag on performance - and why active costs more
* how passive investing offers the best experience for the vast majority of investors
* the benefits of a diversified portfolio in guaranteeing consistent returns
* why passive investing is better for your health
* why active investing has held sway for so many years....
* ... but why things may be changing
* and why passive is the rational, mathematically proven route to investing success.
Investing for the future... It's an issue none of can afford to ignore.
No one's job is safe these days... How would you cope if you lost yours?
We're all living longer too... So are you saving enough to fund 25 years or more of retirement?
Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder?
And what about all those holidays you promised yourself?
We entrust the vast bulk of our investments to fund managers.
Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management.
Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies.
They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market.
But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States.
For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are.
As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler.
So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one.
According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years.
Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in.
It's now time to look at what it actually costs us to invest.
Fund managers are, of course, businesses. And, like all business, they have overheads.
Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses.
And remember, it's you, the customer, who picks up the tab.
Ultimately, though, fund managers need to make a profit.
In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us.
Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time.
So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments?
And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years.
There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard.
For more videos like this one, visit http://sensibleinvesting.tv

1:02:44

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by ...

Pension Funds and the Economics of Retirement: Demographics Drive Evolution

As central bank policies pushed pension systems throughout the world into risk markets by depressing bond yields, the equity markets have rallied. Many pension pools, weighted heavily toward stocks, are approaching fully funded status after a tremendous 2013. In fact, global pension assets burgeoned by $3 trillion last year. Yet their beneficiaries are living longer than ever. As demographics shift in both the eastern and western worlds, it has become clear that actuarial assumptions have underestimated future liabilities. How are these dynamics changing funds' allocation strategies? How can funds balance their risk-and-return profile to meet future obligations? Should they migrate to a liability-driven strategy involving long-duration fixed-income assets? What role can global pension funds play in providing capital through direct lending, and what are the opportunities and barriers in that marketplace?

21:30

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. ...

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Damien Fahy of moneytothemasses.com to Andy Leeks about money. This week Damien focusses on pensions and investments.
Damien explains why fund managers don't always have your best interests at heart and answers a listener question; should you over-pay on your mortgage or invest?
MoneyFarm (http://bit.ly/2fuyFG9) (Don't forget to use the exclusive code MTTM20K to get an extra 10k fee free)
The Best Pension Calculator On The Web - Try it now http://calculators.moneytothemasses.com/pension
80-20 Investor - find out more about Damien's 80 20 Investor service http://moneytothemasses.com/become-an-80-20-investor
The RoyalLondon Pension Guide - view the pension guide that Damien recommended in this week's show https://www.royallondon.com/Global/documents/GoodWithYourMoney/TOPPING-UP-YOUR-STATE-PENSION-GUIDE.pdf

DNA Money: Analysis of National Pension Scheme (NPS)

DNAMoney: This segment offers analysis of National Pension Scheme (NPS). Zee Business' research found it not an appropriate solution for your retirement.
About Zee Business
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Zee Business is one of the leading and fastest growing Hindi business news channels in India.Live coverage of Indian markets - Sensex & Nifty
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Subscribe to this channel: http://www.youtube.com/OpalesqueTV
The 2013-2014 Opalesque Institutional InvestorSeries profiles leading institutional investors to analyze their best strategic and tactical allocation ideas, portfolio construction trends, and investor expectations from alternative managers. ModeratorMichael OliverWeinberg is an Adjunct Associate Professor of Finance and Economics at Columbia University, and CIO of family office, MOW & AYWLLC. The goal of the series is to contrast asset allocation and best ideas of thought leading pensions, E&F's, FOs and FOF CIO's, and to inform both the buy-side and sell-side and facilitate improvement in the allocation process.
In this Institutional Investor Series interview, Michael profiles Charles Van Vleet, CIO and AssistantTreasurer of Textron, Inc. Textron is a Providence, Rhode Island, based industrial manufacturing company with plants primarily in Texas and Kansas. With 33,000+ employees, the company produces many well-known brands, including Bell, Cessna and E-Z-GO.
Mr. Van Vleet discusses his perspectives and priorities as a private pension fund CIO, including over/under-weights vs. historic allocations and benchmarks, and why benchmarking against the HFRI is a mistake in a rising S+P environment. He gives insight into strategic asset allocation over the next 12 months, best tactical allocation ideas, and investor expectations where managers must improve to facilitate investment by allocators. He likes strategic allocation increases to private debt structured funds, and explains why corporate plan sponsors often prefer private equity alignment and structures, but also want to control extension risk. Due to this investor demand, he forecasts great merger between traditional private equity managers and traditional hedge fund managers.
In addition, learn about the following:
Perspectives from private pension fund CIO Charles Van Vleet of Textron Inc.
Using the HFRI as benchmark is a mistake in a rising S+P 500 environment
The search for hedge funds without structural beta characteristics
StackLIBOR +200 hedge funds on top of the S+P 500
Forecasting a great merger between traditional private equity managers and traditional hedge fund managers
Using smart leverage post-2008 to meet ROAHedge funds need to simplify and clarify their data for private plan sponsors
Why most corporate plan sponsors are underspending their liquidity budget
Strategic alignment of liability transfer with Board of Directors is critical
Some illiquid, alternative parts of portfolio are "the most valuable, easy to harvest source of return"
Post - 2008, there is a "complete reversal" of liquidity budgeting for many institutional investors
New recognition that volatility structure of private pensions are more stable than endowments and foundations
Private plan sponsors should increase their illiquidity budget & increase allocations to private equity structures that invest in private credit
Charles Van Vleet is Assistant Treasurer and Chief Investment Officer of Textron Inc. Providence RI, (TXT*) overseeing its $10 billion defined benefit and savings plan assets. Prior to Textron, Mr. Van Vleet was Director Pension Investments at United Technologies Corporation (UTC) in Hartford CT. Before UTC, Mr. Van Vleet spent several years in the investment management business in NY, London and Tokyo with Credit Suisse, Putnam and AllianceCapital. On behalf of Textron, Mr. Van Vleet has advisory board positions on several governance, risk management and asset/liability oversight committees. He holds bachelor's degrees in Economics and Political Science from UC Berkeley and an MBA, Finance from The University of CT.
*Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. With approximately 32,000 people employed by our corporate office, subsidiaries and operating divisions, and facilities and presence in 25 countries, Textron is strategically positioned to provide integrated product solutions and services to customers worldwide. More information is available at http://www.textron.com.

32:00

In Focus - Sovereign Wealth Funds

In this episode of In Focus, we tackle sovereign wealth funds with with Mr. Knut Kjaer, th...

Pension Plan Evolution

In this thought-provoking 23-minute documentary co-produced by the Ontario Teachers' Pension Plan and Cormana Productions in 2013, DirectorAlicia Munnell comments on how pensions have changed and what it means for retirement security in the future.
Watch a trailer for the documentary here: http://www.otpp.com/web/guest/pension-plan-evolution#.US0IZYvixtA.twitter

Ep 13 - Retirement planning for working profession...

Pension Plan Evolution...

16. Portfolio Management...

It turns out that a theory explaining how we might detect parallel universes and prediction for the end of the world was proposed and completed by physicist Stephen Hawking shortly before he died ... &nbsp;. According to reports, the work predicts that the universe would eventually end when stars run out of energy ... ....

Using e-cigarettes may lead to an accumulation of fat in the liver, a study of mice exposed to the devices suggests. “The popularity of electronic cigarettes has been rapidly increasing in part because of advertisements that they are safer than conventional cigarettes ... Friedman of Charles R. Drew University of Medicine and Science in Los Angeles, California ... Circadian rhythm dysfunction is known to accelerate liver disease....

But with Donald Trump, it’s obvious he paid $130,000 to an adult-film star in exchange for her silence last October and just before the general election ... If the money was from campaign contributions, it’s definitely a violation of the FederalElectionsCampaignAct (FECA), specifically since FECA prohibits campaign funds for “personal use.” If it was from a lawyer, it may be argued it was a donation ... The NewYork politician said ... ....

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March 19 (Reuters) - Caisse de depot et placement du Quebec (CDPQ), one of Canada's biggest public pensionfunds, has relied on private equity firms to invest in leveraged corporate buyouts ... In recent years, large pension and sovereign wealth funds have teamed up with private equity firms to co-invest in corporate takeovers, in a bid to earn a greater share of profits and reduce their fees....

Melrose Industries PLC (MRO.LN) on Monday lowered the acceptance condition for its hostile 8.1 billion-pound ($11.3 billion) offer for GKN PLC (GKN.LN), and said it will pay up to GBP1 billion into GKN's pension scheme over the period of ownership ... 1 ... but domiciled in the U.K....

The firm also confirmed weekend reports it would inject an additional £1bn into GKN's pension scheme ... It said GKN's plans to "orphan" its aerospace division could see it shouldered with £3bn of pension liabilities ... Melrose is poised to pour £1bn into GKN's pensionfund....

A number of PensionFund Administrators (PFAs) have been slammed with fines by the NationalPensionCommission or PENCOM for suboptimal investment returns in their fixed income portfolios in 2017 after an audit by the regulator, BusinessDay has learnt. Sources familiar with the matter tell BusinessDay that the affected PFAs were hit with fines ranging This content is for Standard & PremiumDigitalSubscribers only ... ....

They now have to design a project and a workable repayment model and get the word out and hope people with money — foundations, pensionfunds, big banks, private investors — will offer funding. Many public officials are unfamiliar with analyzing and evaluating various types of alternative funding sources ... But funding is available from other sources such as pensionfunds, foundations, EB-5 programs, and non-profits....

"This would be more stimulating for the market, as infrastructure projects are long-term and institutional investors are usually conservative, for example, if they manage pensionfunds," said Castro... ....

As Melrose upped the ante trying to win over GKN shareholders with another statement this morning, Dana today said its merged business with GKN will hold a standard listing on the London Stock Exchange... Read more. Melrose is poised to pour £1bn into GKN's pensionfund ... GKN chief executive, Anne Stevens, said. ... ....

(CNN) – A former New York ferry captain who helped evacuate hundreds from lower Manhattan on Sept. 11, 2001, died Friday, one of thousands of victims of cancer linked to the 9/11 attack ... We will never forget his service and his sacrifice ... Tommy Phelan was a Marine 9 Pilot on #PensionFundBoard for @UFANYC, sat alongside @UFOA854 ... ....

Melrose Industries has stepped up its fight to win support for its hostile £8 billion cash and shares bid for GKN, with a pledge to pump £1 billion into the UK engineering company’s pensionfund... The accounting and financial reporting watchdog should be put in special measures and run by commissioners until it can be abolished and replaced by a fully independent agency, an influential pensions body has said ... ....

By KIMBERLY HOUGHTON ... March 18 ... Delve deep into the data, including scores and per pupil funding for your district at >.unionleader.com/testscores ... In Nashua, Superintendent Jahmal Mosley said he will continue to advocate for Nashua’s public schools, and that includes asking for more funding ... Like Craig, he complained that state actions on teacher pensionfunding and stabilization grants are shifting costs to local districts ... ....